Forex Trend Analysis Report
Prepared for you on Thursday, April 22, 2021.
Japanese Yen/US Dollar (FOREX:JPYUSD)
Crossroads (+60) - JPYUSD is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid JPYUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for JPYUSD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for JPYUSD
The long-term trend has been DOWN since Feb 5th, 2021 at 0.00946405
The intermediate-term trend has been UP since Apr 18th, 2021 at 0.00920695
The short-term trend has been UP since Apr 5th, 2021 at 0.00905945
Smart Scan Analysis for JPYUSD
Based on our trend formula, JPYUSD is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).